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Question - In 2018, Hopyard Lumber changed its inventory method from LIFO to FIFO. Inventory at the end of 2017 of $127,000 would have been $145,000 if FIFO had been used. Inventory at the end of 2018 is $162,000 using the new FIFO method but would have been $151,000 if the company had continued to use LIFO. What is the effect of the change on 2018 cost of goods sold?
Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year
The variable expenses were $2,053,200, and the fixed expenses were $683,338. What is the product's contribution margin ratio
Provide detailed rational of why goodwill must be adjusted for impairment. List the tests for impairment. Explain the meaning of a non cash impairment charge.
Panton ice acquired 18000 share of glotfelty corp several years ago. None of this stock is purchased by panton How would this transaction affect panton's books?
The market interest rate for this type of bond is 10%. Record the journal entry when the bonds are issued, and for the first two coupon payments.
trusler company uses flexible budgets to control its selling expenses. monthly sales are expected to range from 170000
Prepare the adjusting entry at December 31 and using the T-accounts, enter the balances in the accounts, post adjusting entry
The market price of the stock was $132 a share on June 30. Journalize the entries required on June 30, July 15, and July 30
a bond that has a 1000 par value face value and a contract or coupon interest rate of 10.7. the bonds have a current
pakuna corporation has issued and outstanding 100000 shares of its 1 par value common stock. this stock was issued at
According to the standard cost card for this meal, it should require 0.40 direct labor-hours at a cost of $12.00 per hour. What is the labor spending variance
The following data pertain to the first week of operations during June: Complete the three material variances and the two labor variances
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